AFRICAN SOLUTIONS UK FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2025 Registered Charity No. 1153415 Company No. 08512276 LFM The Stables 23b Lenten Street Alton Hampshire GU34 1HG
AFRICAN SOLUTIONS UK FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2025 CONTENTS PAGE Legal and administrative details Report of the Trustees Independent Examinels Report Statemenl of financial activities Ilncluding income and expenditure accounl) Balance sheel Notes to the financial slalements
AFRICAN SOLUTIONS UK LEGAL AND ADMINISTRATIVE DETAILS Dlre¢torsrrrustee$ Susan A Crewe Mbali M Thubisi Patricia Dlamini Samuel Hoffman Zila Lloyd Munya Ndoro Company Se¢retary Catherine M Siebert Registered Office The Stables 23b Lenten Street Alton Hampshire GU34 1 HG Charity Number 1153415 Company Number 08512278 Accountants and Sndependent Exarninern LFM The Stables 23b Lenten Street Alton Hampshire GU34 1 HG
AFRICAN SOLUTIONS UK REPORT OF THE TRUSTEES FOR THE YEAR ENDED 28 FEBRUARY 2025 The Trustees, who are also Ihe directors of the company for the purposes of the Companieg Act. present their annual rewrt and the financial statements for the year ended 28 February 2025. Struclure Govemance and Mana ement Status African Solutions UK was incorporated as a company limited by guarantee on 1 May 2013 and registered as a charity on 15 August 2013. Its goveming documents are the Memorandum and Articles ofAssociation. Management The charity is managed by its trustees who are also company directors. They are appointed by ordinary resolution or by a decision of the director5. At the third annual general meeting of the charity and also having served for five years each trusleeldirector is subject lo reappointment by the members of the charity. A fvll list of trustees servtng during the period is given on page 1. Rlsk Managemont The trustees examine the major risks which the charity faces and seek to control these risks to mitigate any impact that they may have on the charity. Ob ectives and Activlties The objeetives of the charity are the relief of petsons in need by reason of youth, age, ill health. disability. financial hardship or other disadvantage in South Africa and Sub Saharan Africa by the eslablishment and operdtion of children's care homes, drop-in centres. apprentice schemes and the provision of specialist adviee. equipment and accommodats'on,. and supporting the work of the ASAP Foundation (African Solution5 to African Problems) a trust established in South Africa. Flnan¢lal Revlew The charity's net income for the year ended 28 February 2025 was £41612024= net expenditure £3.899}. Total fvnds al 28 February 2025 amounted to £5.30312024.. £4.877}. AJI resource5 expended during the year were applied in accordance with the objectives of the charity- Reserves Poll The charity's policy is to hold unrestricted. undesignated reserves suffiuent to cover Ihree months operational expenditure. The reseNes throughout the year and at the year-end have been in line with this policy. Trustees. res onsibilitles statement The trustees Iwho are also directors of African Solutions UK for the purposes of company law) are responsible for preparing the trustees. Annual Report and the finanryal statements in acwrdance with applicable law and United lfjngdom Accounting Standards (United Kingdom Generally Accepted AcLounting Practice). Company law requires the trustees to prepare finanual statements for each financial year, which give a Irue and fair view of the state of affairs of the charitsble company and of the incoming resources and applicab.on of resources. including the income and expenditure, of the charitable company for that period. In preparing these financial slalemenls. the trustees are required to= select suitable accounting poliues and then apply them consistendy: observe the methods and principles in the Charities SORP 2019 {FRS 102>: make jvdgements and estimates that are reasonable and prudent- State whether applicable UK Accounting Standards have been followed. subject to any material departures disclosed and explained in the financial ststements- and prepare Ihe financial statements on the going concem basis unths it is inappropriate to presume that the charitsble company will continue in operation. The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy al any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charilable company and hence for taking re350nable step5 for the prevention and detection of fraud and other irregularities. The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitsble company's website. Legislabon in the United Kingdorn goveming the preparation and dissemination of financial statements may differ from legislation in other jurisdictions. This report was approved by order of the Board on 26 111 1 2025 and signed on its behaff by: Munya Ndoro {Dir8ctor and Trustee)
INDEPENDENT EXAMINERS REPORT TO THE TRUSTEES OF AFRICAN SOLUTIONS UK I report to the charity trvslees on my examination of the accounts of the company for Ihe year ended 28 February 2025 which are set out on pages 4 to 8. Responslbilities and basi8 of report As the charily trustees of the company (and also ils directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act'l. Having satisfied myself that the accounts of the company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination. I report in resped of my examination of your company's accounts as carried out under section 145 of the Charities Act 2011 I'the 2011 Ad.). In carying out my examination I have followed the Directions given by the Charity Commi$sion under section 145lSllb) of the 2011 Act. Independent examinerfs Statement I have compleled my examination. I conffirm that no matters have come to my attenlion in connection with the examination giving me cause lo believe that in any material respect.. accounting records were not kept in respect of the company as required by seclion 386 of the 2006 Act., or the ac¢oun15 do not accord with those Tecords,. or the accounts do not comply with the acccunling requ1MentS of section 396 of the 2006 Act other than any requirement that the accounts give a 'true and fair vieNv' which is not a matter considered as part of an independent examination", or the accounts have not been prepared in accofdance with the methods and principles of the Slalement of Recommended Practice for accounting and reporting by charities applicable lo charities preparing their accounts in accordance with Ihe Finanual Reporting Standard applicable in the UK and Republic of Ireland (FRS 1021. I have no concerns and have come across no other matters in connection with the examination lo which attention Should be drawn in this report in order to enable a proper underslanding ol the accounts lo be reached. Matthow Ell1• FCCA LFM Chartered Certlfled Accountants The Stables 23b Lenten Street Alton Hampshire GU34 1HG
AFRICAN SOLUTIONS UK STATEMENT OF FINANCIAL ACTIVITIES (INCLUDING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 28 FEBRUARY 2025 Note Unrestrioted Funds 2025 2024 Income and endowments from: Donations and legacies 26.140 26,140 37,287 Total income 26,140 26.140 37,7287 Expenditure on: Charitable activities 25,724 25.724 41.186 Total expenditure 25.724 25,724 41,186 Nel incomel{expenditure) and net movement in fvnds 416 416 3.899 Reconciliation of funds: Total funds brought forward 4.887 4.887 8.786 Total funds carried fopHard 5,303 5,303 4,887 All of the results derive from continuing activities. The Statement of Financial Activities includes all gains and losses recognised in the year. The notes on pages 6 10 8 fomi part of these financial slalements.
AFRICAN SOLUTIONS UK BALANCE SHEET FOR THE YEAR ENDED 28 FEBRUARY 2025 Note 2025 2024 Current assets: Accrued income Cash at bank and in hand 458 7.845 8.303 35 6.352 6,387 Creditors: Amounts falling due wilhin one year 3.000 1,500 Net current assets 4.887 Total assets less current liabilities 5.303 4.887 Net assets 11 5.303 4,887 Funds Unrestricted funds 10 5.303 4,887 Total funds carried forward 5.303 4,887 Trustee statements required by the Companies Act 2006 In approving these ffinancial statements. the trustees. who are directors for the purposes of company law. hereby confim.. that for the year stated above the company was entitled to the exemption conferred by section 477 of the Companies Acl 2006., that no notice has been deposited at the registered office of the company pursuant to seclion 476 of Ihe Companies Act 2006 requesting that an audit be conducted for the year ended 28 February 2024,. and that we acknowledge our responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. The financial statements have been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies. The finanaal statements were approved by the board on 2611112025 and signed on its behalf by.. Munya Ndoro Dlre¢tor and Trustee Company Registration Number 08512276 The notes on pages 6 10 8 fom part of these financial statements.
AFRICAN SOLUTIONS UK NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2025 General infonnation The charity is a private company limited by gvaranlee, registered in England and Wales and a registered charity in England and Wales. The company s registered number and registered office address can be found on the Legal and Adminislrative Details page. Accounting pollcles The principal accounting policies are set out below. The accounting policies have been adopted consistently throughout the year. Bas1• of preparlng the flnancial statements The financial statements have been prepared in accordance with Accounting and Fleporting by Charities., Statement of Recommended Practice applicable lo ¢haritie$ preparing their aCUnIS in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland issued in October 2019. the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102). the Charities Act 2011. the Companies Act 2006 and UK Generally Accepted Accounting Practice. The financial slatemenls have been prepared under the historical c051 convention and are prepared on a going concem basis. African Solulions UK meets the definition of a public benefit entity under FRS 102. Golng concern The fin8ncial statements have been prepared on a going concern basis. The directors. who are also trustees for the purposes of charity law {'the trustees,). have reviewed and considered relevant inforniation, Including the annual budget and futyre cash flows in making their assessment. In particular, in response lo the Covid19 pandemic. Ihe Iruslees have 'stressed' their cash flow analysis to take into account the impact on their business of possible scenarios brought on by the impact ol Covid19. alongside the measures that they can take lo mitigate the impact. Based on these assessments, given the measures that could be undertaken lo mitigate the current adverse Conditions, and the current resources available, the trustees have concluded that they can continue to adopt the going concem basis in preparing the annual report and accounts. Income and endowments All incoming resources are included in the statement of finanaal activities when the charity is entitled lo the income and the 8mount can be quanlified with reasonable accuracy. The following specific policies are applied to particular categories of income.. Donations and legacies received by way of grants, donations and gifts are included in full in the statement of financial activities when receivable. Income from investments is included in the year in which it is receivable. Expendlture Expenditure is recognised on an accrual basis as a liability is incurred. The following specific policies are applied to particular categories of expenditu-. Expenditurn on rnising lunds is cosls incurred in attracting voluntary income. Expenditu on charitable activities is costs incurred by the charity in the course of meeting its charitable aims including related govemance and support cos1$. Fund structure The funds held by the Trust comprise.. UnTrstricted gener81 funds- the 'free' funds held by the charity lo be used in accordance wilh the charitable objecls at the discretion of the trustees. Restricted funds- funds held lo be used only for restricted purposes within the objects of the charity. Reslriclions arise when specified by donors and grant making bodies or when funds are raised for particular purposes. Legal 8tatu8 of the ¢harity The charity is a company limiled by guarantee and has no share Capital. The liability of each member in the event of winding- up is limited to a maximum £10. Taxation The charity is exempl from tax on income and gain5 falling within section 505 of the Taxes Acl 1988 or sedion 256 of the Taxalion of Chargeable Gains Act 1992 to the extent that Ihese are applied to its charitable objeds.
AFRICAN SOLUTIONS UK NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2025 Income and endowments Unrestri¢ted Funds 2025 2024 Donations and legacies - Donalions 26.140 26,140 37,287 26,140 37.287 Income and endowments from donations and legacies in 2025 and 2024 was entirely attribulable lo unreslricted funds. Expendlture on charltable activltle8 Unrestrlcted Funds 2025 2024 Grant.. African Solutions to African Problems (South Afriu) Accountancy Bank charges 23.000 2.641 83 23,000 2,641 83 38.500 2,531 155 25,724 Expenditure on charitable activities in 2025 and 2024 was enlirely attributable lo unreslrided funds. Trusteo remuneratlon and expense8 and key management pernonnel The charity does not have any employees12024'. nill. No trustees or persons connected with them received any emoluments from the chafity in their role as trustees (2024.. nil). The Iruslees comprised the key management personnel of the charity during the years ending 28 February 2025 and 28 February 2024. The charity did nol employ any members of staff during these years. Debtor8 2025 2024 458 35 Accrued income 458 35 Credltorn 202S 2024 Trade creditors Other creditors 1,500 1,500 1,500
AFRICAN SOLUTIONS UK NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2025 10. Unrestrl¢ted funds Balance at 0110312024 Balance at 2810212025 Year ended 28 February 2025 Incomè Expenditure Transfers General funds 4,887 26,140 (25,724) 5.303 4.887 26.140 24.224 6,803 Balance at 0110312023 Balance at 2810212024 Year ended 28 February 2024 Income Expendlture Transfers General funds 8,786 37.287 (41.186) 4,887 8,786 37.287 41,186 4,887 11. Analy•l8 of net assets between funds As at 28 February 2025 and 28 February 2024 Ihe net assets of the charity vRre entirely attributable to unrestricted funds. 12. Tru8tee8 and other related partles Details of trustee emoluments and expenses a disdosed in note 7. There are no other related paty transactions to report.